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The Time Extensions tool performs a service similar to the Price-Time Squaring tool excepting that only the horizontal axis, or time, is taken into account. With the Static version of this display, the time frames are contiguous, that being, the extensions are calculated from the termination point of the range descriptor.
Referring to the graphic, we can take either a major or minor market movement and connect a line between the low and the high of the wave (This applies to both bull and bear market moves). This gives us a time range. As can be seen on the graphic, the Time Extension tool will divide this range into the user specified percentages ( see properties ). The greater the time frame and of a specific move the greater significance can be applied to each future time range described. |
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Version 5 introduces the concept of Highlights. This allows the user to define translucent colored regions between user defined regions as can be seen in the image above. The highlights are independent of the Extension levels, allowing the display to show both Extension levels and Highlights simultaneously, or just the highlighted regions. |
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- Select the button for drawing Static Time Extensions from the Toolbar.
- Move the mouse pointer over the starting position for the Line. This may be either a high or a low price.
- Press the left mouse button, and keeping it pressed down, drag the mouse pointer to the desired end point and release the left mouse button.
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 The property editor as well as other functions may be accessed by holding the mouse pointer over the Vertical Lines and Clicking the Right Mouse button. A popup menu will appear (see picture).
The user may then open the Indicator Property Editor, move the tool above or below other indicators, Hide the Tool or delete the Extension from the Chart. |
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The property editor as well as other functions may be accessed by holding the mouse pointer over the indicator line and Clicking the Right Mouse button. You can also access the Property Editor directly by 'Double Clicking' on the line. All the drawing tools share the same property editor allowing the user to alter the following properties:
- Start/End Line Color
- Line Width
- Label Font
- Display Vertical Lines Full Screen
- Output labels Vertically
- Translucent Visibility
- Translucent Strength
After alteration, the user has the ability to set these settings as default for all future lines drawn on the page.
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- Add, Edit and Delete entries
- Toggle Visibility of Extensions
After alteration, the user has the ability to set these settings as default for all future lines drawn on the page. |
Page 3
- Add, Edit and Delete entries
- Toggle Visibility of Highlights
After alteration, the user has the ability to set these settings as default for all future lines drawn on the page. |
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